Hongkong and Yaumati Ferry
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| The Hongkong and Yaumati Ferry Co Ltd. | |
| Type | public SEHK: 0050 |
|---|---|
| Founded | 1923 |
| Headquarters | Tsing Yi, Hong Kong, China
<tr><th style="text-align:right; padding-right:0.75em;">Key people</th><td>Colin Lam Ko Yin, Chairman </br> Dr David Ho, General Manager</td></tr><tr><th style="text-align:right; padding-right:0.75em;">Industry</th><td>Transport</td></tr><tr><th style="text-align:right; padding-right:0.75em;">Products</th><td>Ferry, Property</td></tr><tr><th style="text-align:right; padding-right:0.75em;">Revenue</th><td>HKD 764m (2005)</td></tr><tr><th style="text-align:right; padding-right:0.75em;">Net income</th><td>HKD 243m</td></tr><tr><th style="text-align:right; padding-right:0.75em;">Employees</th><td>400</td></tr><tr><th style="text-align:right; padding-right:0.75em;">Website</th><td>http://www.hkf.com/</td></tr><tr><td colspan="2">Associate of Henderson Land Development</td></tr> |
The Hongkong and Yaumati Ferry Company Limited (Traditional Chinese: 香港油蔴地小輪有限公司), HYF, is a ferry company founded in 1923 in Hong Kong. It is commonly known as Yaumati Ferry (油蔴地小輪). After restructuring the company in 1989, it became a subsidiary of Hong Kong Ferry (Holdings) Company Limited (香港小輪(集團)有限公司).
The company extended its business from ferry into property development and investment, shipyard, travel and hotel, with 400 staff.
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[edit] Ownership and control
According to official documents, Henderson Investment Ltd is the company's largest shareholder, beneficially owning 31.33% of the share capital of the Company as at December 31, 2005. Henderson chairman Dr. Lee Shau Kee and Vice Chairman Colin Lam are also Directors of the Company.
[edit] History
Hong Kong and Yaumati Ferry obtained the franchised ferry license for the routes other than those of Star Ferry in 1924. This included the vehicular ferry which served to transport motor vehicles across Victoria Harbour for many years prior to the opening of the Cross Harbour Tunnel in 1972. The company decided to give up the ferry licenses in 1999, and these licenses were transferred to the New World First Ferry on 15th January 2000.
[edit] End of Ferry Service
Although giving up its franchised ferry licenses in 2000, the company retained the Dangerous Goods Vehicular Ferry Service routes between North Point, Kwun Tong, and Mui Wo, as these vehicles are not allowed to go through any one of the three cross harbour tunnels, while Mui Wo is situated on Lantau Island.
[edit] Fleet
| Name | Type | Seats | Builder | Year Built | Notes |
| Man On | double deck car ferry | Hong Kong Shipyard | 1981 | ||
| Man Lok | double deck car ferry | Hong Kong Shipyard | 1982 | ||
| Man Foo | double deck car ferry | Hong Kong Shipyard | 1982 | ||
| Man Kai | double deck car ferry | Hong Kong Shipyard | 1986 | ||
| Man Lai | double deck ferry | 364 | Hong Kong Shipyard | 1970 | retired |
| Man Woo | double deck ferry | 532 | Hong Kong Shipyard | 1980 | retired |
| Man Hei | double deck ferry | 436 | Built Choey Lee Shipyard | 1981 | retired |
| Man Chung | double deck ferry | 692 | Hong Kong Shipyard | 1982 | retired |
| Man Ying | double deck ferry | 673 - now 604 | Hong Kong Shipyard | 1982 | |
| Man Hee | double deck ferry | 671 - now 650 | Hong Kong Shipyard | 1982 | |
| Man Kit | double deck ferry | 671 - now 666 | Hong Kong Shipyard | 1983 | |
| Xin Hing | Triple deck ferry | 1298 | Constructed by Hong Kong Shipyard | 1981 | ex-Man Hing |
| Xin Fa | Triple deck ferry | 1298 | Constructed by Hong Kong Shipyard | 1981 | ex-Man Fat |
| Xin Chao | Triple deck ferry | 1728 | Constructed by Hong Kong Shipyard | 1983 | ex-Man Chiu |
| Xin Guang | Triple deck ferry | 1505 | Constructed by Hong Kong Shipyard | 1985 | ex-Man Kwong |
| Xin Fei | Triple deck ferry | 1582 | Constructed by Hong Kong Shipyard | 1986 | ex-Man Fee |
| Xin Guo | Triple deck ferry | 1582 | Constructed by Hong Kong Shipyard | 1988 | ex-Man Kwok |
| Aquan One | Double hull Catamaran | 208 | Constructed by Afai Shipyard | 1997 | |
| Aquan Two | Double hull Catamaran | 230 | Constructed by Afai Shipyard | 1999 | |
| HKF I | Waterjet Catamaran | 433 | Constructed by Kvaerner Fjellstrand Shipyard | 1993 | |
| HKF III | Type: Waterjet Catamaran | 433 | Constructed by Kvaerner Fjellstrand Shipyard | 1994 |
Source Gary Photo Collections
[edit] Business Segments
For the 2005 calendar year, approximately 58% of its revenues were derived from property development projects, while Ferries and Hotels accounted for some 18% and 20% of revenues respectively.
